Does this deal make too much sense?
There is considerable dissonance in the press this month as writers strain for an angle and find none.
Forbes online this weekend wrote a non-story about how difficult it would be for SABMiller to upset this apple cart, either by launching a counter offer for Bud or itself becoming the target for InBev. Barron’s opines that while said combo may be good for SABMiller due to potential confusion created, worldwide #4 Heineken may be the loser if they can’t find a partner.
Alrighty then. Maybe the angle is this: aside from the recent spike around the merger talks, BUD’s stock has been about flat (not counting dividends) over the last 5 years. InBev has done a better job increasing shareholder value. The offer is a god one. BUD should sell.
There is considerable dissonance in the press this month as writers strain for an angle and find none.
Forbes online this weekend wrote a non-story about how difficult it would be for SABMiller to upset this apple cart, either by launching a counter offer for Bud or itself becoming the target for InBev. Barron’s opines that while said combo may be good for SABMiller due to potential confusion created, worldwide #4 Heineken may be the loser if they can’t find a partner.
Alrighty then. Maybe the angle is this: aside from the recent spike around the merger talks, BUD’s stock has been about flat (not counting dividends) over the last 5 years. InBev has done a better job increasing shareholder value. The offer is a god one. BUD should sell.
long BUD
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